Role of the Small-to-Medium Equipment Manufacturer In Today's Mergers and Acquisitions

摘要

The semiconductor equipment industry has seen a bumper crop of mergers and acquisitions over the past year-and-a-half. Media accounts have reported the details, but few have explored the underlying forces that will reshape the industry for the next decade. What, for example, does consolidation accomplish and not accomplish? How are the roles changing among firms in the camps of the big and not-so-big? How will technology impact the business model, and what of technology innovation itself? Is it at risk as we now understand it?